Fresnillo (LON:FRES) Price Target Raised to GBX 2,440

Key Points

• Fresnillo's price target has been raised significantly by Canaccord Genuity Group from GBX 980 to GBX 2,440, indicating a potential downside from the current price of approximately 4.76%.
• Other analysts have also increased their price targets for Fresnillo, with Citigroup setting it at GBX 1,700 and Berenberg Bank at GBX 2,600, while the stock maintains a rating of "Moderate Buy" from MarketBeat.
• Fresnillo is recognized as the world's largest silver producer and Mexico's largest gold producer, focusing on developing low-cost, world-class mines.

Fresnillo (LON:FRES - Get Free Report) had its price target increased by research analysts at Canaccord Genuity Group from GBX 980 to GBX 2,440 in a research report issued to clients and investors on Friday,Digital Look reports. The firm presently has a "hold" rating on the stock. Canaccord Genuity Group's target price would indicate a potential downside of 4.76% from the company's current price.

A number of other equities research analysts have also commented on FRES. Royal Bank Of Canada upped their price target on Fresnillo from GBX 1,200 to GBX 1,400 and gave the company a "sector perform" rating in a research report on Monday, August 11th. Citigroup increased their price objective on shares of Fresnillo from GBX 1,300 to GBX 1,700 and gave the stock a "buy" rating in a research report on Thursday, July 10th. Berenberg Bank boosted their price target on shares of Fresnillo from GBX 1,700 to GBX 2,600 and gave the company a "buy" rating in a research note on Tuesday, October 7th. Finally, JPMorgan Chase & Co. lifted their target price on Fresnillo from GBX 1,850 to GBX 2,100 and gave the company an "overweight" rating in a research report on Thursday, August 7th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of GBX 2,048.

Fresnillo Price Performance

Shares of FRES opened at GBX 2,562 on Friday. The business has a 50-day simple moving average of GBX 2,091.01 and a two-hundred day simple moving average of GBX 1,526.22. The stock has a market cap of £18.88 billion, a PE ratio of 4,145.63, a PEG ratio of -1.58 and a beta of 0.15. Fresnillo has a 12-month low of GBX 609.50 and a 12-month high of GBX 2,650. The company has a quick ratio of 3.28, a current ratio of 5.88 and a debt-to-equity ratio of 23.55.

Fresnillo Company Profile

Fresnillo plc is the world's largest silver producer and Mexico's largest gold producer, listed on the London and Mexican stock exchanges. The Group seeks to create value for stakeholders across precious metal cycles, focusing on high-potential silver and gold projects that can be developed into low cost, world-class mines. Following a decade of consistent and successful progress, the Group is now focused on consolidating its growth and advancing its pipeline in order to deliver further growth in the years ahead.

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